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An integrated multivariate approach for optimisation of IT/IS investment in conventional power plants

Author

Listed:
  • A. Azadeh
  • A. Keramati
  • M. Jafari Songhori

Abstract

Several organisations are seeking to determine the impact of Information Technology (IT)/Information Systems (IS) investments on their performance measures. Industrial units such as power plants are not exempt from this issue. This paper presents an integrated multivariate approach for assessment and optimisation of IT/IS investment in conventional power plants. The Data Envelopment Analysis (DEA) approach is used to assess the IT/IS investment impacts on the performance of power plants. Furthermore, Principal Component Analysis (PCA) is used to verify and validate the findings of the DEA approach. IT/IS budget, number of IT/IS employees and number of PCs are used as input variables and total power generation and load factor are used as output variables. The proposed approach is applied to eight power plants and its advantages are discussed. This is the first study that presents a practical tool for policy making and optimisation with respect to IT/IS investment in conventional power plants.

Suggested Citation

  • A. Azadeh & A. Keramati & M. Jafari Songhori, 2010. "An integrated multivariate approach for optimisation of IT/IS investment in conventional power plants," International Journal of Business Information Systems, Inderscience Enterprises Ltd, vol. 5(1), pages 84-101.
    • Handle: RePEc:ids:ijbisy:v:5:y:2010:i:1:p:84-101
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    Cited by:

    1. Babar Khalid & Ahmed Imran Hunjra, 2017. "Measuring the Validity of the Instrument of Information Asymmetry, Accounting Information, Personal Values, Investment Satisfaction and Investor Decision: An Empirical Analysis of Pakistani Stock Exch," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 3(2), pages 6-22, December.
    2. Babar Khalid & Ahmed Imran Hunjra, 2015. "Measuring the Validity of the Instrument of Information Asymmetry, Accounting Information, Personal Values, Investment Satisfaction and Investor Decision: An Empirical Analysis of Pakistani Stock Exch," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 1(1), pages 36-54, March.

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